MEXICO CITY.— This Monday, the Employers’ Confederation of the Mexican Republic (Coparmex) warned of the irreparable damage” which can mean the judicial reform raised by the president Andres Manuel Lopez Obrador to the investor confidence to bet on the country.
In a statement, the business organization assures that “no member country of the Organization for Economic Cooperation and Development (OECD) has a scheme of popular election of judges, magistrates and ministers“, as proposed by López Obrador’s initiative.
Thus, “the proposed reform to the Judiciary and the speed with which it is intended to be discussed may irreparably undermine the confidence to invest in Mexico“, since, in the opinion of the group, it is an initiative that “would take away independence” and “would weaken” the rule of law.
López Obrador presented the initiative on February 5, when he announced a series of reforms in the Day of the constitutionalthough the current distribution of majorities in the Congress of the Union they do not allow it to be approved.
However, following the June 2 elections, the ruling National Regeneration Movement (Morena) party and its allies will regain the two-thirds majority to reform the Constitution as of September 1, and the president-elect, Claudia Sheinbaum, will push for change in the judiciary.
The proposal proposes the election by popular vote of the Supreme Court of Justice of the Nation (SCJN), of the Electoral Tribunal of the Judicial Branch of the Federation (TEPFJ), of a new Judicial Disciplinary Court and, in general, of all district judges and circuit magistrates in the country.
López Obrador, who will leave office on October 1, has reaffirmed that he wants to speed up the approval of the reform, in statements that contrast with those of Claudia Sheinbaum, who advocated for a “very broad discussion.”
Coparmex added that the future federal Executive will start in a “complex” way due to different “structural factors” that condition all of Latin America, such as the “economic slowdown process” that he world Bank announced for the region.
“We believe that political actors must be sensible in order not to exacerbate these factors and much less deprive the country of its potential to attract 35 billion dollars in new investments,” the organization said.
Especially in relation to the arrival of investments by the chain relocation phenomenon o ‘nearshoring’because according to the Ministry of Economy of Mexicothe country received 20,313 million dollars of foreign direct investment (FDI) in the first quarter of 2024.
Coparmex opted to “materialize and improve” the reform to Judicial System 2021“the most important in almost 30 years” and which sought to “promote the inclusion of the most vulnerable” and “promote the professionalization of lawyers.”
The employers’ organization called on Mexico to “not lose sight” of its potential and not to “self-sabotage” by “weakening” democracy.
“We are fully prepared to continue working with the Government under one premise: no one is better than all of us together,” he said.
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